Survey shows inflation to soften further
Brent crude up nearly 20% in the past month and hit a 3-yr high on Tuesday
Food inflation fell substantially to 3.96 per cent in July from 5.15 per cent in June
The Governor clearly stated that the RBI remains in 'whatever it takes' mode, referring to the desire to support the fledgling recovery
Forecasts for gross domestic product were raised to a 9.2% expansion in the fiscal year ending March 2022, from the previous 9%, while the gross value added outlook edged down slightly to 9%.
"Any hasty withdrawal of monetary policy support will negate the nascent or incipient recovery that is taking place," RBI Governor Shaktikanta Das told Business Standard in an interview
Data limitations should not be an escape clause for not honouring obligations under the inflation targeting regime
Select a debt fund whose average duration is lower than the investment horizon
Ignoring it for long could increase longer-term costs
Inflation, based on Consumer Price Index (CPI), has breached the Reserve Bank of India's (RBI) target range after five months.
A mix of short- and long-term policies to contain price rise in these two commodities while keeping an eye on the interest of the cultivator could be the balm India is looking for
Diesel retail prices are back to more than Rs 80 a litre in the national capital throughout this month and remain on an upward trajectory
Consumer price inflation was predicted to cool to 4.20 per cent in April, just above the RBI's 4 per cent mid-point target and down from March's four-month high of 5.52 per cent
The manufacturing sector output contraced by 3.7 per cent in February, while the mining output declined by 5.5 per cent. Meanwhile, the power generation grew by 0.1 per cent
Economists welcome decision, but argue for a higher upper limit
The 4% rise in average all-India minimum wages is almost the same as CPI inflation rate between 2015-16 and 2019-20, meaning that in real terms, the increase has been insignificant
The return of inflation fears have been stoked again by the rise in commodity prices, especially oil
Food inflation rose steeply to 3.87 per cent in February, compared to 1.89 per cent in the previous month, according to government data released on Friday
The monetary policy committee headed by the RBI Governor is set to revise the policy framework and inflation targets by March 31
Even as the foreword of the report has been written by RBI governor Shaktikanta Das, the report is not the official view of the central bank